Catching Up With New Bankruptcy Case Action

By Emlyn Cameron · October 29, 2025, 4:08 PM EDT A Las Vegas arcade is seeking Chapter 11 protection in Nevada bankruptcy court. Two companies tied to the former Hudson Hotel near Manhattan’s Columbus Circle filed for bankruptcy in Delaware. And… To view the full article, register now. Read the original article here

Redeemable Preference Shares Not Financial Debt

Introduction In a decision shaping the contours of India’s insolvency jurisprudence, the Supreme Court of India in EPC Constructions India Limited (Through Its Liquidator) v. Matix Fertilizers and Chemicals Limited[1] clarified that holders of Cumulative Redeemable Preference Shares (CRPS) cannot be treated as financial creditors under the Insolvency and Bankruptcy Code, 2016 (IBC). The Court…

Scotland’s Kenny’s Music becomes the latest musical instrument retailer to close its doors, “despite our strongest sales ever in recent years”

Scottish musical instrument retailer Kenny’s Music has ceased trading, the firm confirms in a new communication with its supplier partners, seen by Guitar.com. The company – which ran an online store, as well as brick-and-mortar stores in Glasgow, Aberdeen, Dunfermline and formerly Dundee – reveals its intention to move into Creditors’ Voluntary Liquidation (CVL), “despite…